Growth Funds for Data Science Platform Explorium

Data science platform Explorium has raised $31m in a Series B round of funding, which it will use to continue its expansion to new business verticals and geographic markets, grow its data catalog, and hire more data science and commercial talent.

The Tel Aviv, Israel-based firm helps companies build better predictive models by connecting their internal data to thousands of external data sources (including company, geospatial, behavioral, time-based and web site data). The firm's platform then automatically uncovers hidden connections between these data sets, and generates custom signals and new data science 'features' that enable clients to acquire the right data.

New funding has been led by existing investor Zeev Ventures, 01 Advisors and Dynamic Loop, with participation from seed investors Emerge and F2 Capital; bringing Explorium's total funding to $50m. Co-founder and CEO Maor Shlomo (pictured) comments: 'We built Explorium to help companies discover the most relevant data assets out there, in an automated way. We're proud that our existing investors have doubled down on our company, and that new, world-renowned partners have joined them'.

Web site: www.explorium.ai .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.